Formads: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Formads
Largest movements
- Cash +€8,492
up €8,492 (+92.1%), from €9,225 to €17,717
mainly Depreciation (+€12,337) and Trade debts (+€5,848)
- Tangible fixed assets -€4,461
down €4,461 (-14.1%), from €31,539 to €27,078
of which Land and buildings: -€4,135
- Receivables within one year -€3,534
down €3,534 (-28.1%), from €12,586 to €9,052
of which Trade receivables: -€6,356
- Deferred charges and accrued income +€2,400
up €2,400 (+134.0%), from €1,790 to €4,190
- Profit (loss) carried forward -€7,258
down €7,258 (-98.3%), from €7,381 to €123
- Trade debts +€5,848
up €5,848 (+27.7%), from €21,128 to €26,976
- Tax, wage and social debts +€4,308
up €4,308 (+65.0%), from €6,631 to €10,938
- Write-downs +€22,947
up €22,947 (+917.9%), from €2,500 to €25,447
- Gross operating margin +€13,766
up €13,766 (+70.4%), from €19,556 to €33,322
- Taxes -€1,682
down €1,682 (-56.3%), from €2,986 to €1,303
- Financial charges -€730
down €730 (-45.1%), from €1,619 to €889
- Other operating charges -€483
down €483 (-33.4%), from €1,445 to €962
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,140 | €58,037 | +€2,897 | +5.3% |
| Fixed assets | 21/28 | €31,539 | €27,078 | -€4,461 | -14.1% |
| Tangible fixed assets | 22/27 | €31,539 | €27,078 | -€4,461 | -14.1% |
| Land and buildings | 22 | €10,580 | €6,444 | -€4,135 | -39.1% |
| Plant, machinery and equipment | 23 | €3,831 | €1,255 | -€2,576 | -67.2% |
| Furniture and vehicles | 24 | €15,146 | €17,854 | +€2,708 | +17.9% |
| Other tangible fixed assets | 26 | €1,982 | €1,524 | -€458 | -23.1% |
| Current assets | 29/58 | €23,601 | €30,959 | +€7,358 | +31.2% |
| Amounts receivable within one year | 40/41 | €12,586 | €9,052 | -€3,534 | -28.1% |
| Trade receivables | 40 | €7,469 | €1,113 | -€6,356 | -85.1% |
| Other amounts receivable | 41 | €5,117 | €7,939 | +€2,822 | +55.1% |
| Cash at bank and in hand | 54/58 | €9,225 | €17,717 | +€8,492 | +92.1% |
| Deferred charges and accrued income | 490/1 | €1,790 | €4,190 | +€2,400 | +134.0% |
| Total equity and liabilities | 10/49 | €55,140 | €58,037 | +€2,897 | +5.3% |
| Equity | 10/15 | €27,381 | €20,123 | -€7,258 | -26.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,381 | €123 | -€7,258 | -98.3% |
| Amounts payable | 17/49 | €27,758 | €37,914 | +€10,156 | +36.6% |
| Amounts payable within one year | 42/48 | €27,758 | €37,914 | +€10,156 | +36.6% |
| Trade debts | 44 | €21,128 | €26,976 | +€5,848 | +27.7% |
| Suppliers | 440/4 | €21,128 | €26,976 | +€5,848 | +27.7% |
| Taxes, remuneration and social security | 45 | €6,631 | €10,938 | +€4,308 | +65.0% |
| Taxes | 450/3 | €6,631 | €10,938 | +€4,308 | +65.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,959 | €12,337 | +€377 | +3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,500 | €25,447 | +€22,947 | +917.9% |
| Other operating charges | 640/8 | €1,445 | €962 | -€483 | -33.4% |
| Gross operating margin | 9900 | €19,556 | €33,322 | +€13,766 | +70.4% |
| Operating profit (loss) | 9901 | €3,651 | -€5,424 | -€9,075 | |
| Financial income | 75/76B | €69 | €358 | +€288 | +415.6% |
| Recurring financial income | 75 | €69 | €358 | +€288 | +415.6% |
| Financial charges | 65/66B | €1,619 | €889 | -€730 | -45.1% |
| Recurring financial charges | 65 | €1,619 | €889 | -€730 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €2,102 | -€5,955 | -€8,057 | |
| Income taxes | 67/77 | €2,986 | €1,303 | -€1,682 | -56.3% |
| Profit (loss) for the period | 9904 | -€884 | -€7,258 | -€6,375 | -721.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€884 | -€7,258 | -€6,375 | -721.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.